Middle East & Africa Bicycle Market Size & Outlook
The bicycle market in Middle East & Africa is expected to reach a projected revenue of US$ 8,718.1 million by 2033. A compound annual growth rate of 6.9% is expected of Middle East & Africa bicycle market from 2026 to 2033.
Revenue, 2025 (US$M)
$5,123.7
Forecast, 2033 (US$M)
$8,718.1
CAGR, 2026 - 2033
6.9%
Report Coverage
Middle East & Africa
Related Markets
MEA bicycle market highlights
- The MEA bicycle market generated a revenue of USD 5,123.7 million in 2025.
- The market is expected to grow at a CAGR of 6.9% from 2026 to 2033.
- In terms of segment, road bikes was the largest revenue generating product in 2025.
- Cargo Bikes is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, South Africa is expected to register the highest CAGR from 2026 to 2033.
MEA data book summary
| Market revenue in 2025 | USD 5,123.7 million |
| Market revenue in 2033 | USD 8,718.1 million |
| Growth rate | 6.9% (CAGR from 2026 to 2033) |
| Largest segment | Road bikes |
| Fastest growing segment | Cargo Bikes |
| Historical data covered | 2021 - 2024 |
| Base year for estimation | 2025 |
| Forecast period covered | 2026 - 2033 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Mountain Bikes, Hybrid Bikes, Road Bikes, Cargo Bikes |
| Key market players worldwide | Accell, Atlas Cycles, Avon, Cervelo Cycles, Dorel Industries, Giant Bicycle, MERIDA BIKES, Specialized Bicycle Components, Scotts, Trek Bicycle, Orbea S. Coop, Beistegui Hermanos, Axalko, Hagen & Co, Mammoth eBike, E-BIKE, Garri Logistics |
Other key industry trends
- In terms of revenue, MEA region accounted for 6.1% of the global bicycle market in 2025.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2033.
- Europe is the fastest growing regional market and is projected to reach USD 57,766.6 million by 2033.
Road bikes was the largest segment with a revenue share of 43.8% in 2025. Horizon Databook has segmented the Middle East & Africa bicycle market based on mountain bikes, hybrid bikes, road bikes, cargo bikes covering the revenue growth of each sub-segment from 2021 to 2033.
Bicycle sales in Middle East & Africa were reduced during the COVID-19 pandemic due to the closure of offline stores. However, the demand for bicycles increased post the pandemic as consumers are avoiding public transport due to the fear of the virus spread.
Moreover, as consumers are becoming health-conscious, they are considering bicycles to be a healthful mode of transportation.
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Bicycle Market Scope
Bicycle market segmentation & scope
Bicycle Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Garri Logistics | View profile | 11-50 | Addis Ababa, Adis Abeba, Ethiopia, Africa | https://garrilogistics.com |
| E-BIKE | View profile | 1-10 | Wuxi Shi, Jiangsu, China, Asia | http://www.e-biker.cn |
| Mammoth eBike | View profile | 1-10 | Kharkiv, Sums'ka Oblast', Ukraine, Europe | http://mammothebike.com |
| Hagen & Co | View profile | 11-50 | Boston, Massachusetts, United States, North America | http://www.hagenco.com/ |
| Dorel Industries | View profile | 10001+ | Westmount, Quebec, Canada, North America | http://www.dorel.com/eng/ |
| Avon | View profile | 10001+ | New York, New York, United States, North America | https://www.youravon.com |
| Orbea S. Coop | View profile | 251-500 | Bilbao, Pais Vasco, Spain, Europe | https://www.orbea.com |
| Trek Bicycle | View profile | 1001-5000 | Waterloo, Wisconsin, United States, North America | https://www.trekbikes.com/ |
| Scotts | View profile | 101-250 | Wiltshire, Mississippi, United States, North America | https://www.scottsandco.com |
| Axalko | View profile | - | https://axalko.com/ | |
| Beistegui Hermanos | View profile | 11-50 | Vitória, Piaui, Brazil, South America | https://www.bhbikes.com |
| Cervelo Cycles | View profile | 51-100 | Toronto, Ontario, Canada, North America | http://www.cervelo.com/en/ |
| Atlas Cycles | View profile | 251-500 | Sonipat, Haryana, India, Asia | http://atlasbicycles.com/ |
| Specialized Bicycle Components | View profile | 501-1000 | Morgan Hill, California, United States, North America | http://specialized.com |
| MERIDA BIKES | View profile | 1-10 | Yüanlin, T'ai-wan, Taiwan, Asia | https://www.merida-bikes.com/ |
| Giant Bicycle | View profile | 1001-5000 | Taiwan, Jiangsu, China, Asia | http://giant-bicycles.com |
| Accell | View profile | 11-50 | Warrenton, Virginia, United States, North America | https://accellclinical.com/ |
MEA bicycle market size, by country, 2021-2033 (US$M)
Middle East & Africa Bicycle Market Outlook Share, 2025 & 2033 (US$M)
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